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January 24, 2018, 12:26:22 AM |
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Forget Venmo and PayPal. Delete those from your payment methods. They are risky and reversible up to 180 days. Even 5, 10, 15, 20% won't cut it for these two payment methods. Escrow will not protect the seller because you can reverse Venmo and PayPal after getting the coins.
And why would you require "trusted members only"? Transactions here are best done with escrow. If the seller, trusted or not, entrusts the coins upfront to an escrow, then the trust factor is irrelevant. What's relevant however is how you pay for the coins, since there are risks linked to certain payment methods. I explained it for Venmo and PayPal above. If you do insist on using both, then I advise anyone who trades with this user to refuse it.
Bank transfers are just as risky. Cash deposit might work but they are also reversible. I have read stories about scammers getting the coins and walking back to the bank and asking the teller to return the money because it was deposited in error or to the wrong account. It actually worked.
If using the cash deposit method, I suggest certain precautions such as writing something on the deposit receipt before coins are released. Something like "I will not reverse this deposit" before coins are released and perhaps also getting ID. MITM scams are rife and widespread.
Another solution is to escrow the coins and then the buyer mails or overnights cash.
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